Black and Hispanic Homeownership Rates in Texas Still Lag Behind White Families, Study Finds
Style Magazine Newswire | 3/6/2020, 8:44 a.m.
Black families in Texas own homes at a rate far below that of white families, a new study from the National Association of Realtors (NAR) finds. About two-in-five black Texans (39%) own homes, considerably lower than the 66% of white families who do. Nationally, 41% of black families and 71% of white families are homeowners, the study shows. The group compiled the statistics from the 2018 American Community Survey, a tool developed by the U.S. Census Bureau to track demographic changes between official census years. The highest rate of black homeownership is in Mississippi at 54%. In Austin, the market is seeing a steady increase in families buying homes, Austin Board of Realtors president Romeo Manzanilla told KXAN. Affordability and a low housing stock continue to be barriers for many families looking to buy in the area, he said.
